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20110725
20110725
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KPIX (CBS) 1
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Search Results 0 to 2 of about 3 (some duplicates have been removed)
CBS
Jul 25, 2011 7:00am PDT
, which sounds like a lot. but includes money not spent in iraq and afghanistan. which republicans are likely to argue are not true cuts. so, whose plan will prevail? boehner told his fellow house republicans, i think we can win this for the american people but that it's going to require some of you to make some sacrifices. if we stand together as a team, our leverage is maximized and they have to deal with us. that last comment was probably directed at the republican members who have said that they will not vote to raise the debt ceiling under any circumstances. speaker boehner will need their volts if he wants his legislation to win out in what is shaping up to be a partisan showdown. rebecca? >> nancy cordes on capitol hill. thank you, nancy. if a deal does not happen, how does that affect most americans? joining us is roben farzad, senior writer for bloomberg news. what's the ripple effect on average americans if this thing doesn't happen? >> mostly psychological throughout the week. if people suddenly start perceiving that the unthinkable of, one, credit rating downgrade for t
FOX News
Jul 25, 2011 3:00am PDT
afghanistan is also winding down and that's the trillion dollars they thought they'd save but they don't list anything with the harry reid plan and not to look at entitlements, how could you possibly say we're taking a hard look and making tough decision abouts the future of our -- of the country economically and not look at entitlements when even the president of the united states has had a problem. let's look at john boehner. he says, all right, i'll raise the debt ceiling. this is what i mean by a two phased plan. just a trillion dollars and we'll have $1.2 trillion in cuts by the end of the year. the future cuts will be commissioned and sent up after they commission a bipartisan panel to decide, you know, republicans or democrats to decide which will be cut and what shouldn't. >> and apparently, it would be along the lines of the cut, cap and balance as you can see right there. here is something that speaker boehner said why he cannot support the democrats' plan. he said the administration says they need all of the increase up front so he doesn't have to deal with this until after the ele
Search Results 0 to 2 of about 3 (some duplicates have been removed)